that are backed only by the issuer’s promise to pay interest and repay the
principal. There are no assets securing the promise to repay; they are only
secured by the overall creditworthiness of the issuer.
"unsecured bond." YourDictionary, n.d. Web. 11 October 2018. <http://www.yourdictionary.com/unsecured-bond>.
unsecured bond. (n.d.). Retrieved October 11th, 2018, from http://www.yourdictionary.com/unsecured-bond
Yes, I'd like to receive Word of the Day emails from YourDictionary.com
By continuing, you agree to our
Please set a username for yourself.
People will see it as Author Name with your public flash cards.